USDJPY
USDJPY AnalysisA good position to go long due to intersection of a daily key level and two 4 hourly trendline. FX:USDJPY
Sell Opportunity in USDJPYPrice rejected at key level and printed a Price Action bar. expecting move upto 101. Keep the 1st target is 104.960 and then move the SL to BE.
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=107.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=105.7.
TP4: S2=105.1.
Set the stoploss of these orders at breakout of R2=107.5.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=107.5.
In this situation, there is an expectation to reach the target R3=109.1.
Set the stoploss of reverse orders at breakout of R1=107.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=104.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=105.75.
TP4: R2=106.05.
Set the stoploss of these orders at breakout of S2=103.7.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=103.7.
In this situation, there is an expectation to reach the target S3=102.3.
Set the stoploss of reverse orders at breakout of S1=104.2.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=103.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=101.55.
TP4: S2=101.
Set the stoploss of these orders at breakout of R2=103.45.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=103.45.
In this situation, there is an expectation to reach the target R3=104.45.
Set the stoploss of reverse orders at breakout of R1=103.15.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Analysis of USDJPYWassup up traders!!!! hope you people are making some money.
Here is our analysis for USDJPY.
All the blue lines indicate support and resistence zone.
The black lines indicate the next movement accourding to our analysis.
One can take a buy call and set tp at 109.100 or one can wait and
take a sell call with tp of 106.500
Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a up trend and the Resumption of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 112.30
TP2= @ 113.65
TP3= @ 114.50
SL= Break below S2
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=111.6.
TP4: R2=112.05.
Set the stoploss of these orders at breakout of S2=110.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=110.3.
In this situation, there is an expectation to reach the target S3=109.55.
Set the stoploss of reverse orders at breakout of S1=110.6.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=109.25.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=109.65.
TP4: R2=109.8.
Set the stoploss of these orders at breakout of S2=109.1.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=109.1.
In this situation, there is an expectation to reach the target S3=108.5.
Set the stoploss of reverse orders at breakout of S1=109.25.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
20200121: USDJPY: BUY at 109.816Consult your finance adviser before Investing
Buy at 109.816
Stop Loss at 109.765
Target of 110.030
USDJPY WEEKLY FORECASTThe pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.75 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
LONG SETUP FOR USDJPYhe pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.76 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows.
Don't miss the great Sell opportunity in USDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (108.87).
if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a range bound and the beginning of Downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 107.83
TP2= @ 106.77
TP3= @ 105.24
SL= Break below S2
Possible short movement on USD/JPYTDI telling us to go short, but because it is counter trend will just wait for the correct pattern coming out of the EMAS to get in.
We should expect a small bearish move of about 22 pips, take it as a little pullback of the high bullish move that started on December 12
USDJPY 108.20 major supportThe US dollar remains under downside pressure against the Japanese yen, following the release of more weak data from the US economy. From a technical perspective, the USDJPY pair is extremely weak while trading below the 108.60 support level. Going forward, a break under the 108.20 level exposes the USDJPY pair to heavy technical selling towards the 107.50 level and possibly lower.
• The USDJPY pair is only bullish while trading above the 108.90 level, key resistance is found at the 109.15 and 109.40 levels.
• The USDJPY pair is only bearish while trading below the 108.90 level, key technical support is found at the 108.20 and 107.50 levels.
USDJPY bearish under 108.90The US dollar has fallen back under the 108.90 level against the Japanese yen currency, making the pair technically bearish over the short-term. Continued weakness under this key area could provoke further losses towards the 108.20 level. The USDJPY pair could capitulate to technical selling if the 108.20 support level is broken.
• The USDJPY pair is only bullish while trading above the 108.90 level, key resistance is found at the 109.40 and 109.65 levels.
• The USDJPY pair is only bearish while trading below the 108.90 level, key technical support is found at the 108.20 and 107.50 levels.
USDJPY 110.00 possibleThe US dollar continues to target towards 110.00 level against the Japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is overcome.
• The USDJPY pair is only bullish while trading above the 109.30 level, key resistance is found at the 109.60 and 110.0 levels.
• The USDJPY pair is only bearish while trading below the 109.30 level, key technical support is found at the 109.15 and 109.00 levels.
USDJPY trendline watchThe US dollar has moved back towards key trendline resistance against the Japanese yen currency, although price has so far rejected the upside attack. The USDJPY pair is still vulnerable to further downside while trading below the October monthly price high. Overall, Sino-US trade news is dictating the moves in the USDJPY pair, the short-term trend is now neutral.
• The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.30 and 109.60 levels.
• The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 108.20 and 107.90 levels.
